Can I retire at age 51 with 881,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$72,752$72,104$71,472$70,855$70,252$67,706
2 years$36,016$35,345$34,695$34,065$33,453$30,916
3 years$23,772$23,098$22,450$21,826$21,224$18,775
4 years$17,651$16,980$16,338$15,724$15,137$12,796
5 years$13,980$13,312$12,679$12,078$11,507$9,279
6 years$11,533$10,871$10,246$9,659$9,105$6,992
7 years$9,786$9,129$8,515$7,941$7,405$5,407
8 years$8,476$7,825$7,221$6,661$6,143$4,258
9 years$7,458$6,813$6,220$5,674$5,173$3,398
10 years$6,644$6,006$5,422$4,891$4,408$2,740
11 years$5,979$5,346$4,774$4,257$3,791$2,227
12 years$5,424$4,799$4,237$3,734$3,285$1,821
13 years$4,956$4,337$3,785$3,296$2,865$1,496
14 years$4,554$3,942$3,401$2,926$2,511$1,235
15 years$4,207$3,601$3,071$2,610$2,211$1,022
16 years$3,903$3,304$2,784$2,337$1,954$848
17 years$3,635$3,043$2,533$2,099$1,733$705
18 years$3,398$2,812$2,313$1,892$1,541$587
19 years$3,185$2,606$2,117$1,710$1,373$490
20 years$2,994$2,421$1,943$1,548$1,227$409
21 years$2,822$2,255$1,787$1,405$1,098$342
22 years$2,665$2,105$1,647$1,278$984$286
23 years$2,522$1,969$1,521$1,164$883$240
24 years$2,391$1,845$1,406$1,061$794$201
25 years$2,271$1,731$1,303$969$714$168
26 years$2,161$1,627$1,208$886$643$141
27 years$2,058$1,531$1,122$811$580$118
28 years$1,964$1,443$1,043$743$523$99
29 years$1,875$1,361$971$682$473$83
30 years$1,793$1,286$904$625$427$70
31 years$1,717$1,215$843$574$386$59
32 years$1,645$1,150$786$528$349$49
33 years$1,578$1,089$734$485$316$41
34 years$1,515$1,032$686$447$286$35
35 years$1,455$979$641$411$259$29
36 years$1,399$929$600$379$235$25
37 years$1,346$883$562$349$213$21
38 years$1,296$839$526$322$193$17
39 years$1,249$798$493$297$175$15
40 years$1,204$759$462$274$159$12
41 years$1,162$722$433$252$144$10
42 years$1,122$688$406$233$131$9
43 years$1,083$655$381$215$119$7
44 years$1,047$625$358$199$108$6
45 years$1,012$596$336$183$98$5
46 years$979$568$316$169$89$4
47 years$947$542$296$156$81$4
48 years$917$518$279$145$73$3
49 years$888$494$262$134$66$3
50 years$860$472$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $881,000, adding $6,713 every year, while hoping to spend $41,999 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/24/19 Blend
50$881,000$881,000$881,000$881,000
51$977,786$931,093$917,438$1,028,223
52$1,032,834$932,030$903,486$1,064,233
53$1,092,089$931,606$887,658$1,098,346
54$1,155,936$929,708$869,848$1,134,587
55$1,224,797$926,220$849,944$1,173,169
56$1,299,138$921,016$827,829$1,214,330
57$1,379,468$913,963$803,379$1,258,333
58$1,466,347$904,921$776,466$1,305,470
59$1,560,393$893,741$746,956$1,356,064
60$1,662,282$880,264$714,708$1,410,473
61$1,772,761$864,322$679,576$1,469,094
62$1,892,647$845,739$641,407$1,532,367
63$2,022,842$824,325$600,039$1,600,780
64$2,164,337$799,882$555,306$1,674,872
65$2,318,222$772,199$507,031$1,755,241
66$2,485,697$741,053$455,033$1,842,547
67$2,668,082$706,208$399,120$1,937,524
68$2,866,828$667,414$339,092$2,040,981
69$3,083,534$624,407$274,742$2,153,816
70$3,319,960$576,908$205,850$2,277,020
71$3,578,040$524,621$132,191$2,411,690
72$3,859,908$467,235$53,527$2,559,042
73$4,167,909$404,420$0$2,720,416
74$4,504,626$335,827$0$2,903,465
75$4,872,903$261,087$0$3,115,644
76$5,275,871$179,813$0$3,347,958
77$5,716,980$91,594$0$3,602,470
78$6,200,025$0$0$3,881,455
79$6,729,188$0$0$4,188,481
80$7,309,073$0$0$4,551,521
81$7,944,752$0$0$4,949,569
82$8,641,811$0$0$5,386,133
83$9,406,400$0$0$5,865,075
84$10,245,295$0$0$6,390,649
85$11,165,961$0$0$6,967,544
86$12,176,617$0$0$7,600,921
87$13,286,319$0$0$8,296,467
88$14,505,044$0$0$9,060,447
89$15,843,779$0$0$9,899,761
90$17,314,630$0$0$10,822,013
91$18,930,935$0$0$11,835,577
92$20,707,383$0$0$12,949,681
93$22,660,163$0$0$14,174,490
94$24,807,106$0$0$15,521,204
95$27,167,859$0$0$17,002,162
96$29,764,067$0$0$18,630,957
97$32,619,578$0$0$20,422,570
98$35,760,668$0$0$22,393,501
99$39,216,287$0$0$24,561,933
100$43,018,333$0$0$26,947,901